Hedge funds that bet against GameStop and other stocks have been crushed by the Reddit army -- and they're infecting the rest of Wall Street.
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News: What you need to know about the markets | | | | Hedge funds are getting crushed by the worst short squeeze in a quarter century | Hedge funds that bet against GameStop and other stocks have been crushed by the Reddit army -- and they're infecting the rest of Wall Street. Read more » | | Dow surges as stocks recover from GameStop mania | Wall Street is surging for a second day in a row as GameStop mania appears to be calming down. Reddit's favorite stock fell about 40% Tuesday, adding to Monday's sizable losses. Read more » | | Exclusive: Elizabeth Warren wants answers on Robinhood's ties to large hedge funds | Senator Elizabeth Warren is demanding answers from Robinhood co-CEO Vlad Tenev over potential conflicts of interest caused by the free trading app's relationship with large hedge funds and other financial players. Read more » | | Pfizer expects to rake in sales of $15 billion from its Covid-19 vaccine this year | Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Read more » | | Marriott's CEO is reducing his schedule during pancreatic cancer fight | Marriott International's president and CEO Arne Sorenson is reducing his demanding schedule for "several months" as he continues to fight pancreatic cancer. Read more » | | Wall Street is on alert. But it can move past GameStop | It's no secret that GameStop mania has put Wall Street on edge. Read more » | | | | | | | |
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